D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Trading 6.8% Higher – Here’s Why

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) shares rose 6.8% during mid-day trading on Tuesday . The stock traded as high as $2.91 and last traded at $2.9490. Approximately 19,978 shares traded hands during trading, a decline of 92% from the average session volume of 262,872 shares. The stock had previously closed at $2.76.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research report on Tuesday. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $3.07.

D-MARKET Electronic Services & Trading Stock Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.49 and a current ratio of 0.77. The firm’s 50-day moving average price is $2.86 and its two-hundred day moving average price is $2.78. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -5.57 and a beta of 2.08.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $483.32 million during the quarter. D-MARKET Electronic Services & Trading had a negative return on equity of 776.28% and a negative net margin of 7.78%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Graham Capital Management L.P. acquired a new stake in shares of D-MARKET Electronic Services & Trading during the 4th quarter worth approximately $55,000. Rhumbline Advisers lifted its holdings in D-MARKET Electronic Services & Trading by 26.8% in the first quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock valued at $55,000 after buying an additional 4,081 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in D-MARKET Electronic Services & Trading by 111.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 69,000 shares of the company’s stock valued at $186,000 after acquiring an additional 36,378 shares during the last quarter. Millennium Management LLC bought a new position in D-MARKET Electronic Services & Trading in the fourth quarter valued at approximately $187,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in D-MARKET Electronic Services & Trading by 32.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 80,338 shares of the company’s stock worth $217,000 after acquiring an additional 19,841 shares during the period. Institutional investors own 40.46% of the company’s stock.

D-MARKET Electronic Services & Trading Company Profile

D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides its retail customers a range of merchandise, including electronics and non-electronics products, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc. It also offers Hepsiburada Market, an app-in-app initiative and on-demand delivery service that delivers groceries and water; HepsiJet that provides last-mile delivery services; HepsiLojistik, which offers storage and fulfillment services; HepsiMat, an offline network of pick-up and drop-off point; HepsiAd that provides advertising service; HepsiGlobal for discovering and purchasing products from international merchants online; Hepsipay, which offers an e-money and payment services; and Hepsiburada Seyahat for buying airline tickets online.